OptionBit Binary Options Broker

Currency accounts

EUR

USD

GBP

SAR

CAD

AUD

JPY

Languages

Russian

English

German

French

Spanish

Japanese

Arabic

Turkish

Portuguese

Slovene

OptionBit is a popular trading platform for binary options trading. OptionBit is a trading brand of financial Novox Capital Ltd, the activity of which is licensed in Cyprus Commission for the world's Securities and Exchange Commission (CySEC).

Review contents:

The company's headquarter is in the city of Nicosia, Cyprus. The official website OptionBit is available in many foreign languages including English.

The site OptionBit can provide the beginners of binary options trading with a lot of materials to learn, and can also give a free personal training provided by the broker.

OptionBit holds a variety of events for the clients, where they can earn cash bonuses, prizes and gifts. Active traders have the opportunity to take part in the monthly tournament where the prize is equal to $ 30,000.

Trading Conditions

Profit - from 65% to 400%

Reimbursement - No

Minimum deposit - $ 200

Minimum Bid - $ 10

Demo - account - No

Mobile version - Yes

Education - Yes

Easy registration

Initial registration at OptionBit does not take much time. Just fill in the registration form on the home page of the official site where you need to provide personal data, telephone and e-mail address. After that, you can replenish trading account with one of the proposed methods and go to trade binary options. But you should know that within 10 days you must provide a broker with a color copy of the passport and confirm your residential address. Otherwise - the account is locked to the closure of verification process.

Trading Platform

Trading Platform at OptionBit is a web-based platform using which the traders can trade their favorite asset at different types of options. The platform is not significantly different from the platforms of this kind. This explains the fact that OptionBit like most other brokerage companies uses software from SpotOption. However, the platform is quality, simple, reliable and well thought out. At the same time, it lacks the ability to perform technical analysis of price charts. However, it is a matter of taste and likes. The company's clients are able to trade and use the mobile platform. At the same time, on a monthly basis 10 different iPad are played out between the users.

Bonuses

OptionBit provides its customers with a unique opportunity to get deposit bonuses, win great cash prizes in the competition of traders or to become the owner of iPad. Also, it is possible to profit with binary options without the risk if you become an affiliate of the company.

OptionBit offers new customers a welcome bonus on their first deposit. A bonus is given for any kind of trading binary options, and its amount is determined on the basis of the deposit.

All re-fills on the deposit are encouraged by the broker in the amount of 50% of the money received. Monthly OptionBit is holding a contest for traders, which offers a prize of $ 30,000. The competition is open to customers entering into transactions in an amount not less than $ 20. The winner will be the one who will make the greatest number of trades in the time of the meeting.

Types of options and the fixed assets

OptionBit allows the traders to trade the following types of options:

1. Digital – it is a classic option, working with which traders enter the transaction on certain assets and predicts its price, that is - it will be higher or lower. If at the end of the option the trader is true, then he will make a profit in the range of 80%.

2. One touch – a trade by predicting the levels which should reach the price.

3. Turbo - 60 seconds option, during the lifetime of which the price should fall or rise in the predicted direction of the trader.

4. Range - this is an option for forecasting the prices by traders, but the point is that they can set a specific range in which the price will be or will not be at the time of the expiration of the transaction.

5 "reach or doesn’t reach" - the principle is similar to the One touch. The difference lies in the fact that when the price reaches the barrier set by the trader, the transaction is closed despite the fact that the expiration period has not come. At the closing of the transaction the trader gets profit accrued in full.

In this trading platform the system of free signals of Algobit is implemented, which was developed by highly skilled OptionBit Company. Algobit with 99% of accuracy identifies the emerging trends allowing the traders to reap the high profits intelligently choosing the assets and types of options. If you are weak in technical and fundamental analysis and you cannot even define your own trends, then Algobit will be your indispensable assistant in options trading.

Education

OptionBit offers numerous video tutorials, as well as free training course for the beginners, which is conducted separately via the chat or by phone.

Training materials on the binary options are cataloged and presented in the form of online courses, e-books, video tutorials. In addition, their ongoing webinars will help new traders to be aware of the major innovations and latest developments of mature traders to trade binary options.

24/7 Customer Support

Support service in OptionBit is carried out in an online chat and telephone (you can order a call). Support specialists communicate in 10 languages, including English, by the qualified management consultant. The entire staff of the company is recruited among the successful traders. So any customer can expect the most professional support.

User-friendly deposit / withdrawal

The policy of availability and convenience touched this service of OptionBit. Deposit of funds is carried out by means of any existing now popular payment systems. Visa, MasterCard and AmericanExpress, and WebMoney and CashU – will help to transfer the client’s money instantly. Withdrawal is conducted exclusively after verifying of the account. Withdrawal funds are credited to the customer's card or open an account in the electronic payment systems for 3 days.

What are the pros / cons of OptionBit?

A minimum deposit of 200 USD;

Stable maintenance;

Uninterrupted communications with the trading server terminal;

The safety of trading via SSL;

A great opportunity in the selection of financial instruments;

Stable and intuitive professional platform.

Of the minuses we can select only one:

Lack of technical analysis of quotes.

Conclusion

The Broker OptionBit provides a standard package of services for trading in financial markets of binary options. At the same time, it is a professional company with an unblemished image that can provide traders with all that is necessary for the safe and profitable trading. This broker is in the top ten of the services market and due to the continuous expansion of functional trade and improve the quality of work, it is not going to leave this position, but rather prefers to run a more honorable place in the rating.